October 25, 2019
According to the latest study titled ‘India Food and Beverage Market: Analysis By Food (Breakfast Cereal, Savory snacks, Dairy Foods, Ingredients, Organic food, Confectionary and bakery, Others), By Beverage (Alcoholic, Non- Alcoholic): Opportunities and Forecast (2019-2024)’ available with Market Study Report LLC, the India food and beverage market is estimated to grow with a CAGR of 7.2% by the year 2024.
India food and beverage market is driven by growing urbanization and rapidly rising millennial population. With increasing awareness among the consumers regarding the vital role of organic food and beverages for repairing muscles, maintaining healthy body weight, and curing various chronic diseases, demand for the products is rising, thereby fostering the industry growth. Moreover, shifting preference towards healthy lifestyle and health conscious mindset across young population is also driving the growth of India food and beverage industry.
Other factors augmenting India food & beverage market growth are rising per capita income, and globalization, coupled with hectic lifestyle leading to growing inclination towards processed food items, and easy availability of ready-to-cook packages.
The study analyzes India food & beverage market for revenue shares and growth patterns for each segment. Besides, the report also identifies and examines the evolving market trends, along with the drivers, challenges, and restraints influencing the market growth.
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Based on food type, India food and beverage market is segmented into savory snacks, breakfast cereal, dairy food, organic food, food ingredients, confectionery & bakery, and others. While based on beverage type, the industry is divided into alcoholic and non-alcoholic.
Considering the geographical landscape, India food and beverage market is bifurcated into four major regions as East India, West India, North India, and South India.
Some of the vendors that operate in India food and beverage market profiled in the report are Tata Global Beverages, ITC Ltd, Nestle India, Amul, HUL, Haldiram’s, Britania, Pepsi Co, and Mother Dairy.
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